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SJC ruling may void thousands of foreclosures

SJC ruling may void thousands of foreclosures


January 7, 2011 01:08 PM
By Jenifer B. McKim, Globe Staff

The Massachusetts Supreme Judicial Court today upheld a contentious land court ruling that puts in question the ownership of hundreds, possibly thousands, of foreclosed properties in the state.

The ruling challenges the way lenders have traditionally foreclosed on properties — without having all the paperwork in place at the time a home is seized. It affirms a 2009 lower court decision that invalidated foreclosures on two Springfield homes because the lenders did not hold clear titles to the properties at the time of the proceedings.

FULL STORY HERE
http://www.boston.com/business/ticker/2011/01/sjc_ruling_may.html?p1=News_links

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